Consumers save P10.7B from Meralco’s urgent power supply deal

Around eight million consumers of power distributor Manila Electric Co. (Meralco) were shielded from even higher electricity bills last summer, with the firm’s emergency supply deal with a unit of San Miguel Corp. (SMC). In a joint filing posted on the Energy Regulatory Commission’s (ERC) website, the Pangilinan-led company said its 1,200-megawatt (MW) contract with
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